Cardfare / What changed / Axis complimentary memberships renew only with your consent

Axis complimentary memberships renew only with your consent

Complimentary memberships on Magnus, Magnus for Burgundy, Reserve, SELECT and other premium Axis cards will renew only after explicit cardholder consent. Axis says renewal details and consent options will be shared near the renewal date.

Cards affected

AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Select Credit Card

Source

Complimentary memberships linked to your credit card will be renewed only with your explicit consent.

Axis Bank – Reserve T&C revision

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More from Axis Bank

• UpcomingCutAxis Bank· from 1 November 2026

  Axis movie offers need ₹25,000 spend in the previous 3 months

  The District buy-one-get-one on SELECT, Privilege and MY ZONE, and the NEO BookMyShow discount, will require ₹25,000 of settled spend in the previous 3 months. New cards are exempt for the issuance month and the next 3 months.

  Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card

  Source: Axis Bank – Privilege T&C revision

• UpcomingCutAxis Bank· from 1 October 2026

  Axis SELECT milestone no longer counts non-reward spends

  The ₹3 lakh annual spend that unlocks 6 extra international lounge visits, 6 golf rounds and Priority Pass renewal on SELECT will no longer count insurance, rent, fuel, education, utilities and telecom, wallet, gold/jewellery, government or gift card spends.

  Cards: Axis Bank Select Credit Card

  Source: Axis Bank – SELECT T&C revision

• CutAxis Bank· since 28 August 2026

  Axis stops rewards on tolls and moves gift cards to their own excluded category

  Bridge, road and toll payments no longer earn rewards. Gift card purchases remain excluded from rewards and fee-waiver spend and now sit in a separate 'Gift card' category instead of 'Wallet'.

  Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card

  Source: Business Standard

• New feeAxis Bank· since 28 August 2026

  Axis raises top late-payment fee to ₹1,300

  The late fee for outstanding balances above ₹50,000 rises to ₹1,300, while lower slabs are unchanged. Payments are now applied first to fees and taxes, then EMIs, interest, purchases and cash advances.

  Applies across Axis Bank's cards

  Source: Business Standard